Request for Comments

Cost Auditing Standards Board, the standard setting body of the Institute, has approved the release of Exposure Draft of Standard on Cost Auditing ‘Materiality in Planning and Performing a Cost Audit’ in its 21st meeting held on 5-6 October 2015. The exposure draft is hosted on the Institute’s website for obtaining suggestions and comments on the same. The exposure draft will be modified in light of comments received before being issued as standards in final form.